SATURDAY, MAY 2, 1992
CUSTOMS HAD A HIGH REPUTATION THE CUSTOMS ADMINISTRATIONS OF THOSE OF THE MORE ADVANCED SUCH AS
MR SWAINE SAID THE HONG KONG THROUGHOUT THE WORLD, BOTH AMONG DEVELOPING NATIONS AND AMONG AUSTRALIA, EUROPE AND THE USA.
"THIS REPUTATION STEMS, IN PARTICULAR, FROM THE SUCCESSFUL SUPPRESSION OF DRUG TRAFFICKING AND FROM THE EFFECTIVE INTELLECTUAL AND INDUSTRIAL PROPERTY RIGHTS.
PROTECTION OF
"THE LATTER ESPECIALLY HAS BEEN WIDELY RECOGNISED NOT ONLY BY OVERSEAS CUSTOMS ADMINISTRATIONS BUT ALSO BY INTERNATIONAL COMMERCIAL ORGANISATIONS OPERATING IN THE FIELD," HE SAID.
"THERE IS, THEREFORE, A BINDING OBLIGATION ON YOU BOTH ΤΟ MAINTAIN THE HIGH STANDARDS WHICH HAVE BEEN ACHIEVED IN THE PAST AND TO RETAIN SUFFICIENT FLEXIBILITY TO REACT TO NEW CHALLENGES IN FUTURE, HE ADDED.
"
THE
THE GRADUATING OFFICERS COMPRISED NINE CUSTOMS INSPECTORS 25 CUSTOMS OFFICERS.
AND
HONG KONG GOVERNMENT EXCHANGE FUND
MONEY MARKET OPERATIONS
* * *
DATE
MILLION
CLOSING BALANCE IN THE ACCOUNT ON
1.5.92
1,488
EFFECT OF FORWARDS TO BE SETTLED ON
EFFECT OF OPERATIONS THIS MORNING
* O/N ASSISTANCE TO BE REVERSED
2.5.92
-500 *
NEUTRAL